Living / Multi-housing
Under Contract

Windbrooke Crossing

1160 Windbrooke Dr, Buffalo Grove, IL, 60089-2300, US

Windbrooke Crossing_Property for Sale

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Windbrooke Crossing 2_Property for Sale

Asset description

Jones Lang LaSalle Americas (Illinois), L.P. (JLL) is pleased to present Windbrooke Crossing, a beautiful 236-home garden-style apartment community located in Buffalo Grove - a top ranking suburb of Chicago. Windbrooke Crossing features impressive 1 & 2- bedroom layouts with a large average unit size of 903 SF. The property is also ripe for value-add providing investors an opportunity to renovate all of the unit interiors.


Windbrooke Crossing is conveniently located offering residents direct access to the local train station, top suburban employers and the #1 high school district in the country.

Attributes

Number of units
236 units
Occupancy
97.00%
Year built
1986
Building area gross
213,160 sf

Investment highlights

  • Ideal Investment Criteria
    • Last 25 Leases Show a 26% Premium Over In-Place Lease Rents
    • 17% Trade-Outs on New Leases
    • Zero Concessions Offered
    •  Real Estate Tax Clarity (not Cook County)
    • 99% Economic Occupancy
    • Significant Income Upside with 100% of Units Available for Renovations
  • Stellar Submarket Performance
    • 5.8% 3-Year Projected Avg. Annual Rent Growth
    • 96% 5-Year Projected Avg. Occupancy
    • Zero Projects Under Construction within a 3-Mile Radius
  • Premier Suburban Location
    • #1 Ranking School District in the State (District #125)
    • #4 Best High School in IL & #18 in the U.S.
    • Immediate Access to Top Area Employers
    • 10 Minute Walk / 2 Minute Drive to Buffalo Grove Metra Train Station
    • 7 Minute Drive to I-294/I-94/I-90
  • Sought-After Features
    • In-Demand Community Amenities
    • Large Average Unit Size - 903 SF
    • Patio or Balcony in Every Unit
    • On-Site Walking/Biking Path
    • Only 4 Floor Plans on Site


Windbrooke Crossing 4_Property for Sale
Windbrooke Crossing 4_Property for Sale

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Last updated
Nov 30, 2022